Your Ref. : SKYWORLD/BENNINGTON/HOUZKEY2.

0/LI76/
MA/NIC/CANDY/LEEZ/NEETA/AMANDA
Our Ref. : 002836.256.HY.IM.20
Date : 07/04/2020

MAYBANK ISLAMIC BERHAD By Hand & E-mail

C/O REAL ESTATE VENTURES, GROUP GLOBAL BANKING
9th FLOOR, MENARA MAYBANK FOR PROJECTS
100 JALAN TUN PERAK
50050 KUALA LUMPUR ADVISE FOR :
Property under construction
Attention : Transaction Management
Progressive Billing
N/A
Due Date
Completed property
(under Master Title)
√
Dear Sirs, Completion Date 06/07/2020

RE: LETTER OF ADVICE TO RELEASE

CATEGORY : HOUZKEY 2.0 – BENNINGTON
LESSEE(S) : ADHA BIN AZLAN
GUARANTOR(S) : N/A
PROPERTY DETAILS : A-37-03A, BENNINGTON / NO. A-37-03A, BLOCK A, RESIDENSI
AND DESCRIPTION BENNINGTON, NO. 1, JALAN ARENA 1, SETAPAK, 53200
KUALA LUMPUR
MASTER TITLE : PAJAKAN NEGERI 52336, LOT 201206, MUKIM SETAPAK, DAERAH
KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KL
TITLE/STRATA TITLE : N/A
PURCHASER : MAYBANK ISLAMIC BERHAD (“BANK”)
DEVELOPER/VENDOR : BENNINGTON DEVELOPMENT SDN BHD (Company No. 201401003842
(formely 1079915-K))
PROPRIETOR : NTP WORLD CORPORATION SDN BHD (Company No. 200601024810
(formely 744564-D))

We refer to the above matter and your Letter of Instruction dated 12/02/2020.
1. We enclose herewith the following documents, contents of which are self-explanatory for your kind attention
and/or safe keeping :-

No. Documents Dated Remarks

A. Agreements

1. Lease Agreement made between the Bank and 09/03/2020 ( ) enclosed the original
the Lessee (√ ) undertake to forward
(with “Sijil Setem” on the ad valorem stamp duty (√ ) executed
paid) (√ ) stamped

2. Deed of Guarantee made between the Bank N/A ( ) enclosed the original
and the Guarantor ( ) undertake to forward
( ) executed
( ) stamped

3. Terms and Conditions for Incentive to Purchase N/A ( ) enclosed the original
accepted by the Lessee ( ) undertake to forward
( ) executed

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Advocates & Solicitors

No. Documents Dated Remarks

4. Sale and Purchase Agreement made between 09/03/2020 ( ) enclosed the original
the Bank and the Developer (“SPA”) ( ) enclosed the duplicate
(√ ) undertake to forward
(√ ) executed
(√ ) stamped

5. Deed of Mutual Covenants made between the 09/03/2020 ( ) enclosed the original
Bank and the Developer ( ) enclosed the duplicate
(√ ) undertake to forward
(√ ) executed
(√ ) stamped

6. Letter of Redemption / Disclaimer 16/03/2020

( √ ) enclosed the copy
(obtained from the Existing Chargee / Master
( √ ) undertake to forward
Chargee)

B. For Completed Property

1. The approval from the relevant authority for N/A ( √ ) not applicable
release of the Property to a non-Bumiputra ( ) enclosed a copy
Purchaser obtained ( ) undertake to forward

2. Consent to transfer from the State Authority for N/A ( √ ) not applicable
transfer of the Property obtained and presented ( ) enclosed a copy
Pres No. __________
Dated : ________

3. Consent to lease from the State Authority for N/A ( √ ) not applicable
lease of the Property obtained and presented ( ) enclosed a copy
Pres No. __________
Dated :

4. Memorandum of transfer between Vendor/ N/A

( √ ) not applicable
Developer and Purchaser submitted for
( ) enclosed a copy
adjudication and full ad valorem stamp duty on
the transfer has been paid

5. Memorandum of transfer between Vendor/ N/A Presented on __________

Developer and Purchaser presented at the Pres No. ________
Land Office Dated: __________

6. Private Caveat N/A ( ) enclosed copy

Presented on __________
Pres No. ________
Receipt enclosed ( )

7. Withdrawal of Private Caveat N/A ( ) enclosed copy

Presented on __________
Pres No.
Receipt enclosed ( )
8. Lease Form (Form 15A), executed, stamped N/A ( ) enclosed copy
and presented to the Land Office Presented on __________
Pres No. _____________
Dated :

9. Strata Title Deed No. _________________ N/A ( √ ) not applicable

duly endorsed with registration of lease ( ) enclosed original
Presentation No. ___________ ( ) undertake to forward

10. The latest Quit Rent [duly paid] 23/01/2020 ( √ ) enclosed a copy
( √ ) undertake to forward

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Messrs Chang. Haryaty Continuation Sheet
Advocates & Solicitors

No. Documents Dated Remarks

11. The latest Assessment [duly paid] N/A ( ) not applicable

( √ ) enclosed copy
( √ ) undertake to forward

12. Certified true copy of the Certificate of ( √ ) enclosed a copy

21/06/2019
Completion and Compliance ( √ ) undertake to forward

13. Developer’s Billing / Invoice 09/03/2020 ( √ ) enclosed the copy

( √ ) undertake to forward

14. Completion date for payment N/A Completion Date : 06/07/2020

_______

C. For Properties Under Construction

1. Developer’s Progress Billing N/A ( ) enclosed the original

(with the Architect’s Certificate of work done) ( ) undertake to forward

2. Others Related Documents :- N/A ( ) enclosed a copy

(i) Letter of Approval from Jabatan

Perumahan Negara on the amendment of
Clauses 25(1) and 29(1) in the SPA;

(ii) Contractor All Risks Policy issued by MSIG

Insurance (Malaysia) Bhd; and

(iii) Developer’s License and Advertisement

and Sale Permit (Period: –).

D. Searches

1. Land search conducted on the Master Title 16/03/2020 ( √ ) enclosed a copy

( √ ) undertake to forward
a. Registered Owner:
Vendor/Developer/Chargor
Bennington Development Sdn Bhd

b. Existing Chargee / Master Chargee:

MBSB Bank Berhad

2. A report of the bankruptcy search conducted on ( √ ) enclosed a copy

the following individuals at the offices of the ( √ ) undertake to forward
Director-General of Insolvency of Malaysia
confirming that the following individuals are not
and/or have not been adjudicated bankrupt:
( √ ) Lessee(s)
12/02/2020
( ) Guarantor(s)

3. A report of the winding-up search conducted on ( √ ) enclosed a copy

the following companies at the offices of the ( √ ) undertake to forward
Director-General of Insolvency of Malaysia
confirming the following companies are not
and/or have not been wound up:

( √ ) Developer 06/04/2020
( √ ) Proprietor 11/02/2020

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Messrs Chang. Haryaty Continuation Sheet
Advocates & Solicitors

2. We hereby confirm that :-

2.1 the Agreements prepared by us have complied with all the Bank’s requirements and that the above
Agreements are legal, binding and enforceable on the Lessee(s), the Guarantor(s), the Developer
and/or the Proprietor (as the case may be) and that the interest of the bank is fully protected at all
times;

2.2 in the event that the Agreements or any one of them are/is not in order in any respect whatsoever for
reason attributable to act of negligence, error, mistakes or omission on our part resulting in the Bank
sustaining any loss or damage arising therefore, we as the solicitors responsible for the preparation
of the Agreements, shall be responsible to make good to the Bank in full such loss and damage;

2.3 based on the information that is furnish to us by the Bank, the Lessee(s), the Guarantor(s), the
Developer and/or the Proprietor (as the case may be) and the information obtained by us from public
records, the Agreements executed by the Bank are in order.

2.4 we have done online checking at the Lembaga Hasil Dalam Negeri website and that the stamping
acknowledgement on the stamp certificate/digital franking are genuine and the Lembaga Hasil
Dalam Negeri online authentication of full ad-valorem stamp duty paid.

3. In accordance with Section 3.1, Schedule 3 of the Framework Agreement dated 12 July 2019 made
between the Bank and the Developer (“Framework Agreement”) and based on the above, we are of the
opinion that it is in order and the Bank may disburse :-
1
3.1 In the case of property under construction :

(a) RM000,000.00 progressively to the Master Chargee, RHB BANK BERHAD, via telegraphic
transfer [Account Name: RHB BANK BERHAD COD BUSINESS LOANS SETTLEMENT
ACCOUNT 1] [Account No. XXXXXXXXXXXX] being the redemption sum due and payable
to the said Master Chargee against the Architect’s Certificate of Completion of the Property;

Important Notes :
Please notify the payment details via e-mail to epayadv@rhbgroup.com or by facsimile to
No. XXXXXXXXXX (payment reference no. KLM/X-XX-XX).

(b) RM000,000.00 progressively to the Developer, SKYMERIDIEN DEVELOPMENT SDN BHD,

via telegraphic transfer [HDA Account No. XXXXXXXXXXX] [Beneficiary Bank: RHB Bank
Berhad] being the progressive claims due and payable according to the Architect’s Certificate
of the Property;

(c) Where applicable, twenty percent (20%) of the purchase price (“Stage Payment”) to the
Developer, SKYMERIDIEN DEVELOPMENT SDN BHD, via telegraphic transfer [HDA
Account No. XXXXXXXXXX] [Beneficiary Bank: RHB Bank Berhad] upon the expiry of Two
(2) years from the date of the Certificate of Completion and Compliance of the Property; and

(d) Where applicable, the balance of twenty percent (20%) of the purchase price (“Final
Payment”) to the Developer, SKYMERIDIEN DEVELOPMENT SDN BHD, via telegraphic
transfer [HDA Account No. XXXXXXXXXX[Beneficiary Bank: RHB Bank Berhad] within the
period of Five (5) years from the date of the Certificate of Completion and Compliance of the
Property and accordance with the terms and condition in the Section 3.1(a)(iii) of Schedule
E to the Framework Agreement.

2
3.2 In the case of completed property :

(a) RM500,400.00 to the Developer, BENNINGTON DEVELOPMENT SDN BHD, via telegraphic
transfer [HDA Account No. 140-301-075-3] [Beneficiary Bank: United Overseas Bank (M)
Berhad] being the sixty percent (60%) of the purchase price within the Completion Period as
defined in the SPA;

1 To delete if inapplicable.
2 To delete if inapplicable.

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Messrs Chang. Haryaty Continuation Sheet
Advocates & Solicitors

(b) Where applicable, twenty percent (20%) of the purchase price (“Stage Payment”) to the
Developer, BENNINGTON DEVELOPMENT SDN BHD, via telegraphic transfer [HDA
Account No. 140-301-075-3] [Beneficiary Bank: United Overseas Bank (M) Berhad] upon the
expiry of two (2) years from the date of the Certificate of Completion and Compliance of the
Property; and

(c) Where applicable, the balance of twenty percent (20%) of the purchase price (“Final
Payment”) to the Developer, BENNINGTON DEVELOPMENT SDN BHD, via telegraphic
transfer [HDA Account No. 140-301-075-3] [Beneficiary Bank: United Overseas Bank (M)
Berhad] within the period of five (5) years from the date of the Certificate of Completion and
Compliance of the Property and accordance with the terms and condition in the
Section 3.1(a)(iii) of Schedule E to the Framework Agreement.

Kindly acknowledge receipt of this letter and the above enclosures by signing and returning to us the duplicate of
this letter.

Thank you.

Yours faithfully,

…………………………………………
Haryaty Hashim
Partner
E-mail : haryaty@changharyaty.my Mel/CLO-003

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